Zurich Insurance Group Ltd FI Increases Stock Holdings in Sea Limited Sponsored ADR $SE

Key Points

• Zurich Insurance Group Ltd FI increased its stake in Sea Limited Sponsored ADR by 4.7%, acquiring an additional 7,870 shares to hold a total of 176,803 shares, valued at approximately $23 million.
• Despite SEA's quarterly earnings miss with earnings per share of $0.65 compared to expectations of $1.03, the company's revenue rose by 38.2% year-over-year, reaching $5.26 billion.
• Analysts have set varied price targets for SEA, with Barclays raising its target to $214.00 and a consensus rating of "Moderate Buy" reflecting overall positive sentiment.

Zurich Insurance Group Ltd FI boosted its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,803 shares of the Internet company based in Singapore's stock after buying an additional 7,870 shares during the period. Zurich Insurance Group Ltd FI's holdings in SEA were worth $23,071,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SE. Dimensional Fund Advisors LP grew its stake in shares of SEA by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 52,464 shares of the Internet company based in Singapore's stock worth $5,566,000 after acquiring an additional 415 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of SEA by 18.7% in the 4th quarter. Ameriprise Financial Inc. now owns 198,310 shares of the Internet company based in Singapore's stock worth $21,041,000 after acquiring an additional 31,224 shares in the last quarter. Ethic Inc. bought a new stake in shares of SEA in the 4th quarter worth $289,000. Lazard Asset Management LLC grew its stake in shares of SEA by 17.3% in the 4th quarter. Lazard Asset Management LLC now owns 54,835 shares of the Internet company based in Singapore's stock worth $5,817,000 after acquiring an additional 8,086 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of SEA by 15.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 90,408 shares of the Internet company based in Singapore's stock worth $9,594,000 after acquiring an additional 12,142 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on SE shares. Wedbush upped their target price on shares of SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Arete lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 price target for the company. in a research report on Wednesday, September 3rd. Macquarie restated an "outperform" rating and set a $219.90 price target (up previously from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Loop Capital restated a "buy" rating and set a $190.00 price target (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Finally, Wall Street Zen upgraded shares of SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $176.85.

SEA Stock Performance

NYSE:SE traded down $0.24 on Friday, reaching $196.26. 3,048,989 shares of the company's stock were exchanged, compared to its average volume of 3,519,849. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. The firm has a market cap of $115.62 billion, a price-to-earnings ratio of 101.69 and a beta of 1.53. Sea Limited Sponsored ADR has a 52 week low of $78.51 and a 52 week high of $199.30. The stock has a fifty day simple moving average of $169.15 and a 200-day simple moving average of $150.45.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The business had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.SEA's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. As a group, sell-side analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

SEA Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.